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 | |
| Company type | Subsidiary |
|---|---|
| NYSE: PD until 2007 | |
| Industry | Mining |
| Founded | 1834 |
| Founders | |
| Defunct | 2007 |
| Fate | Friendly takeover |
| Headquarters | Phoenix, Arizona, United States |
Key people | J. Steven Whisler, Chairman & CEO |
| Products | Copper |
Number of employees | 15,000 (2006) |
| Parent | Freeport-McMoRan |
Phelps Dodge Corporation was an American mining company founded in 1834 as an import-export firm by Anson Greene Phelps and his two sons-in-law William Earle Dodge, Sr. and Daniel James.[1] The latter two ran Phelps, James & Co., the part of the organization based in Liverpool, England. The import-export firm at first exported United States cotton from the Deep South to England and imported various metals to the US needed for industrialization. With the expansion of the Western frontier in North America, the corporation acquired mines and mining companies, including the Copper Queen Mine in Cochise County, Arizona and the Dawson, New Mexico coal mines. It operated its own mines and acquired railroads to carry its products. By the late 19th century, it was known as a mining company.
On March 19, 2007, Freeport-McMoRan completed a $25.9 billion acquisition of Phelps Dodge Corporation.[2]
- ^ "Phelps, Dodge & Co. records". Archives & Manuscripts. The New York Public Library. Retrieved 5 March 2024.
- ^ James, Steve. "Freeport acquires Phelps Dodge, launches offering". Reuters. Reuters. Retrieved October 16, 2022.